The Breakwave Tanker ETF Just Posted a 1,406% Return. Here’s What Actually Happened.
Key takeaways
- The Breakwave Tanker ETF Just Posted a 1,406% Return.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amplify Commodity Trust wasn t one of them.
- A share of Amplify Commodity Trust (NYSEARCA:BWET), the fund most people know as the Breakwave Tanker Shipping ETF, cost $10.55 on May 29, 2025.
The Breakwave Tanker ETF Just Posted a 1,406% Return. Here’s What Actually Happened. Austin Smith Mon, June 1, 2026 at 8:45 PM GMT+7 7 min read BWET NVDA Quick Read Amplify Commodity Trust (BWET), a tanker shipping ETF, surged 1,406% in one year from $10.55 on May 29, 2025 to $158.86 one year later, driven entirely by the Strait of Hormuz closure in February 2026 forcing tankers onto longer routes and tightening VLCC freight capacity.
The ETF’s 725% gain year-to-date through May 29, 2026 reflects how geopolitical disruptions compound through thinly-traded futures contracts, but the underlying rally is fully reversible if the strait reopens or diplomatic progress emerges, while structural factors like aging tanker fleets could provide a partial floor on gains.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amplify Commodity Trust wasn t one of them. Get them here FREE.